Gestión fiscal

Over the past two decades, a silent revolution began transforming tax administration in Latina America. Electronic tax invoicing (EI) is the region’s contribution to the fight against evasion and support for tax transparency. It sprang from the innovative efforts of the region’s more advanced tax administrations (TAs), especially those that embarked on their modernization process in the 1990s under the impetus of the ideas proposed by the Washington Consensus. The thesis of “reinventing government” for public administration also influenced the birth o

Do you know of digital tools that can improve tax administration? This is your opportunity to share them and support development of our region!We are seeking new digital tools that allow subnational governments in Latin America and the Caribbean (LAC) to improve their tax administration.

State-owned enterprises have long played a key role among governments as a tool to foster the development of certain industries or protecting certain strategic national interests. However, there is ample empirical evidence that such institutions may have been a source of substantial risks for their government owners, and that such risks have materialized in many cases, with sizable costs for national budgets1.

“The flutter of a butterfly’s wings can cause a hurricane halfway around the world.” This simple phrase introducing chaos theory may also sum up the impact that Basel III capital regulations could have on available finance for public-private partnerships (PPPs). The new capital regulations being implemented under Basel III are part of efforts to strengthen the requirements and definitions of what constitutes bank capital, as well as the coverage and liquidity ratios that commercial banks should be required to maintain.

The Public Private Partnership (PPP) market in Brazil is extremely active and has played a central role in policymakers’ agendas for decades. In total, 773 projects have reached financial closure in the last 20 years in Brazil, according to the World Bank’s Private Participation in Infrastructure database.  These projects represent about one fifth of all private investment in infrastructure in the entire developing world.

Investing in infrastructure is crucial to promote inclusive development in Latin America and the Caribbean. Such investments require enormous amounts of resources and that is why partnerships between public and private sectors are considered such an important tool for implementing public policies like infrastructure, especially in fiscal constraint scenarios. But in order to build successful and solid public-private experiences, it is necessary to have good, strong building blocks. The current moment in Brazil could not be more appropriate to give a good think to this partnership.